Cost management- PROCESS Flashcards

1
Q
  1. Plan cost management
A

PG-Planning, KA-Cost
Desc- provides the how to document for cost management.
Key output
-Cost management plan

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2
Q
  1. Estimate Costs
A
PG-Planning, KA- Cost
Desc- Estimates the cost of resources required to complete project work.
2 Key output
-Cost estimates
-Basis of estimates
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3
Q
  1. Determine budget
A
PG-Planning, KA- Cost
Desc- Develops the cost baseline for the project.
2 key outputs
-Cost baseline
-Funding requirements
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4
Q
  1. Control costs (Earn value)- on track or not on track.
A
PG- M+C, KA- Cost
Desc-Controls the cost baseline and manages changes as required.
 3 key outputs
-Cost forecasts
- work performance information
-Change requests
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